EMERGIS INC.
TSX : EME

November 09, 2006 11:47 ET

Emergis Signs Integration Agreement with RemoteLaw to Offer its Assyst Real Estate Solution to the B.C. Legal Community

MONTREAL, QUEBEC--(CCNMatthews - Nov. 9, 2006) - Emergis Inc. (TSX:EME) today announced that it has signed an agreement with RemoteLaw Online Systems Corp. of Vancouver to integrate Emergis' Assyst Real Estate solution for completing mortgage transactions with RemoteLaw's web-based econveyance™ software. The three-year agreement targets Assyst Real Estate to be offered to all of RemoteLaw's econveyance users and the British Columbia law community by the spring of 2007. RemoteLaw is a wholly owned subsidiary of OneMove Technologies Inc. (TSX VENTURE:OM).

"This agreement with RemoteLaw is another important milestone in Emergis' strategy to extend its Assyst Real Estate mortgage solution to lawyers and lenders across Canada," said Mark O'Connell, Executive Vice-President at Emergis. "Our agreement with RemoteLaw will provide us with a valuable head start on our move into British Columbia, and accelerate adoption by the legal community. It follows on our recent signing of the largest residential mortgage lender in the country with over 15% of the Canadian mortgage market."

"RemoteLaw is extremely pleased to partner with Emergis in this enhancement of the econveyance software," said Martin R. Johnson, President and CEO of OneMove. "With the addition of Emergis' mortgage solution, we are able to close the transaction loop between the real estate agent, the lawyer and the lender. Our partnership allows us to offer a more complete solution for conveyancing practitioners within the real estate market, with seamless integration and sharing of information to streamline the process and remove human error from the transaction."

Assyst Real Estate is a bilingual mortgage solution designed to facilitate instructing, funding and reporting of mortgage loans for lenders and the legal community. With it, lenders can send mortgage instructions electronically to notaries, lawyers and their staff in real time. In turn, these professionals can complete mortgage transactions from end to end online, in a more secure and confidential manner. Assyst Real Estate speeds up the processing of transactions, reduces paperwork, cuts back on costs, and reduces the risk of clerical error.

In 2002, Emergis launched its mortgage solution in Quebec and has since seen adoption increase to the point where more than 80% of real estate notaries in the province are using it today. The Association professionnelle des notaires du Quebec (APNQ) recently renewed its agreement with Emergis through which APNQ will continue to support the use of Emergis' mortgage solution among its notary members. APNQ will also continue to gather recommendations from its members in order for Emergis to regularly enhance its solution and adapt it to the changing needs of the legal community, as well as of lenders.

RemoteLaw is a software application development company based in Vancouver, Canada. RemoteLaw's web-based software is utilized within the real estate and conveyancing industries in both Canada and the United Kingdom.

About Emergis

Emergis is an IT leader in Canada that focuses on the health and financial services sectors. It develops and manages solutions that automate transactions and the exchange of information to increase the process efficiency and quality of service of its clients. Emergis has expertise in electronic health-related claims processing, health record systems, pharmacy management solutions, cash management and loan document processing and registration. In Canada, Emergis and its subsidiaries deliver solutions to the main insurance companies, top financial institutions, government agencies, hospitals, large corporations, real estate lawyers and notaries and approximately 40% of all pharmacies. It also provides solutions to the world's leading payment association. The Company's shares (TSX:EME) are included in the S&P/TSX Composite Index.

Certain information in this news release, in various filings with Canadian regulators, in reports to shareholders and in other communications, is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among others, information with respect to the Company's objectives and the strategies to achieve those objectives, as well as information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of November 9, 2006.

The results or events predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others: general economic factors, adverse industry events, the adoption rate of the Company's solutions by customers and by related electronic trading communities, the non-renewal of major contracts which expire in the near term, complexities and the timing of signing government contracts, customers developing internally the capability to perform the services which the Company performs on their behalf, the Company's response to its industry's rapid rate of change, competition, pricing pressures, fluctuations in its operating results, its ability to make and integrate acquisitions, failures or material changes in its strategic relationships, exposure under contract indemnities, defects in software or failures in the processing of transactions, security or privacy breaches, the Company's ability to attract and retain key personnel, its ability to protect its intellectual property, intellectual property infringement claims, and industry and government regulation.

Emergis cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. In making the forward-looking information contained in this news release, the Company does not assume any significant acquisitions, dispositions or one-time items. It does assume, however, the renewal of certain customer contracts. Every year, Emergis has major customer contracts that it needs to renew. Some of these may represent slightly more than 10% of its annual revenue. In addition, the Company also assumes the signature of contracts in new markets in the public health sector. In this regard, Emergis is pursuing large opportunities that present a very long and complex sales cycle, which substantially affect the Company's forecasting abilities. The Company has made certain assumptions regarding the timing of the realization of these opportunities which it thinks is reasonable but which may not be achieved. Furthermore, the pursuit of these larger opportunities does not ensure a linear progression of the Company's revenue and earnings, since they may involve significant up-front fees followed by reduced ongoing payments. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not result in such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. For additional information with respect to certain of these and other factors, refer to the risks and uncertainties section of the MD&A in the Company's 2005 Annual Report and to its 2005 Annual Information Form (risks and uncertainties) filed with Canadian regulators.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF EMERGIS AS OF NOVEMBER 9, 2006 AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. HOWEVER, EMERGIS EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING INFORMATION, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY APPLICABLE LAW.

Contact Information

  • Emergis Inc.
    John Gutpell
    450 928-6856